The Atlanta-based parcel giant’s additional order for 14 more 747-8 and four 767 freighters was fueled by increasing customer demand for air cargo capacity.
Commerce sets duties for dumped South Korean bearings
The Commerce Department has announced preliminary antidumping duties on imports of certain tapered roller bearings from South Korea, with Commerce Secretary Wilbur Ross stating that trade partners must “play by the rules.”
Blakely named APHIS International Services deputy administrator
With the recent retirement of Beverly Simmons, the U.S. Department of Agriculture appointed Cheryle Blakely to serve as deputy administrator of the Animal and Plant Health Inspection Service’s (APHIS) International Services.
FMC reviews 9 OTI license applications
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
Executive Moves: U.S. Chamber of Commerce, Hoyer Group, CEVA and CSafe Global
U.S. Chamber of Commerce adds two to International Affairs division; Hoyer Group appoints chief financial officer; CEVA hires managing director for UK, Ireland and Nordics; and CSafe Global names two European sales directors.
U.S., South Korea consider specific KORUS proposals on market access, tariffs
During joint committee discussions between United States and South Korean trade officials held this week in Seoul to amend the U.S.-Korea Free Trade Agreement (KORUS), the U.S. emphasized steps to improve its bilateral industrial goods trade deficit.
Japan’s ‘Big 3’ carriers continue to grow earnings in FY2017
NYK Line, MOL and “K” Line, which will combine forces April 1 as the Ocean Network Express (ONE), all turned a profit during the nine months ended Dec. 31 after NYK and “K” Line posted substantial losses in the same 2016 period.
Officials from NAFTA member countries express support for modernized trade deal
A former Canadian prime minister, former Mexican commerce secretary, and former U.S. ambassador to Mexico said during a Senate Foreign Relations Committee hearing that Washington should recognize the benefits the U.S. has gained from the trade deal.
IATA: Airfreight volumes soar 9% in 2017
Global air cargo demand rose 9 percent last year, more than double the 3.6 percent annual growth recorded in 2016, according to the latest data from the International Air Transport Association (IATA).
Port of Oakland strives to become first port of call from Asia
Port of Oakland Executive Director Chris Lytle said all transpacific services currently calling the port hit Los Angeles or Long Beach first, resulting in more imports being discharged at those ports instead of Oakland.